Big companies will never let you have the financial freedom

[Bloodseekers]

I think you are talking about a completely different context of "financial freedom". USDT and other stablecoins are regulated entities and forms of implementation are more sophisticated than the banking system which is ready at any time to "steal" legally the wealth you have stored, and that imo does not concern one's overall economic condition.

Financial freedom depends more on personal ability to achieve it than external factors.

Wherever you work, of course you have work responsibilities that you have to do, they limit you, maybe they are worried that if one day you suddenly don't work for them anymore, this will of course take time for them to find a replacement that can be placed in your position. I am interested in what you said that financial freedom will depend a lot on our personal selves, we must continue to develop ourselves even though we work for other people's companies, because it is not certain that we will always be able to work for the company where we work.

[jrrsparkles]

This is not a really surprising thing because as long as it is coming from a centralized company then it has to follow the guidelines og governments so they can never able to launch something like bitcoin even if they want to.

Coming to the financial freedom part no one is ever going to stop you from achieving it but it is more complicated when things are centralized that is the difference.

[KiaKia]

I respect your advice about possible freeze of funds if using this new stable coin but your title isn't adding up for me, what do you mean that this company will not let people have financial freedom? The freedom that people already had before Paypal released a stable coin, even if I start using this stable coin, what could possibly go wrong? Freeze my account and never give me back my money, that's the highest that could happen, do you know how many times I have lost money in crypto space? I still have my financial freedom.

Many people learned season from FTX and some don't, but I am sure they people have moved on, I am going to use PayPal stable coin if I can buy things from other marketplace online, they make it more easier, because I have use PayPal service many times already.

I have never stored more than 500$ in my PayPal account, unless I want to buy something more costly like 1000$ or more but it doesn't sleep in that account more than a day or two, people are still using PayPal till date and so shall it be with their stable coin.

[Kakmakr]

All the stable coins and Alt coins with centralized decision makers are simply a Crypto facelift for Fiat based financial institutions. The moment when an individual or a small group of people can flip a switch and have full control over your tokens, then it is not financial freedom anymore.

The real deal require mass consensus from mostly pseudo anonymous entities ...and there should be a shitload of them. Not one mining pool with a lot of hashing power... but the majority of them.    (Bitcoin was developed to protect it's own interest.... so people will not make any decisions that will harm themselves) 

[Cookdata]

This is a very sad reality that almost all the big companies including the government institutions will never think of the general public and theirBTC focus is on how to keep the public under control and for this they can take every measure and go to extreme immorality.

I was reading a tweet where the Paypal stablecoin has a code where they can freeze the money at any time and the wallet holder will not be able to use his coins.

You just cannot trust these stablecoins or altcoins, as most of them are made, not to give us financial freedom but for their own benefit.
Only Bitcoin is the one on which we can trust.

When I first encounter the news of Paypal going digital, I knew it they are going to come with a comma, nothing special, more like the normal USDs we already have in circulation, the little difference they are offering is, they want to tap into the revenue other stablecoins are milking from the users. Right from day 1, I think Paypal has anti-freeze policy and payment can be reversed at any given time, I see how they have damage businesses by reversing the transaction of a client when they complain of unsatisfaction which is very wrong in all ramifications.

If you can't verify, don't trust, it is as simple as that, stay away from another glorify stablecoins that can make you lose an entire wealth in a single day, they also have KYC for fighting and tracing users when they don't feel satisfy by your actions or money is been spent, I will avoid using the stablecoin. If I have opportunity to receive payment from another place, I simply request for BTC and convert it as soon as possible, no stress!

[19Nov16]

Many people dream of being able to work in large companies such as Apple, Microsoft, Google, Visa and so on, but we must be aware that if we work in a large company then we are required to give all our time and abilities for them, this makes us never think Another thing, for example, finding a source of income because he feels that working there has got everything and when retiring, most people will regret.

[Unbunplease]

Many people dream of being able to work in large companies such as Apple, Microsoft, Google, Visa and so on, but we must be aware that if we work in a large company then we are required to give all our time and abilities for them, this makes us never think Another thing, for example, finding a source of income because he feels that working there has got everything and when retiring, most people will regret.

The problem is that large companies can easily lay off many people at the same time during a crisis. After all, at any moment - thanks to a well-promoted brand - they can hire as many new people as they want. Therefore, working for a large company does not guarantee stability

[tjtonmoy]

Centralized = Shit. Everything that is centralized, anything could happen to that at any time. You are not in control of your own asset when you use centralized things. This is not new as we are seeing this from the beginning of the centralized services. They will try to take control of your own assets. In cases where you are helpless and can't do anything. This is the real reason behind their centralized services. They will make profits using your assets.

Those who have the power will rule. This is how the world works. So if you want the power to yourself, stick to Bitcoin. No other thing can give you that except Bitcoin.

If companies like Paypal have control over people's money, the government will be able to take control of Paypal to control the people. This is exactly what the government wants. They have already launched CBDC. That should be a clear indication of what the govt. wants. Yet we are still getting hyped about centralized shit.

[Hamphser]

This is a very sad reality that almost all the big companies including the government institutions will never think of the general public and theirBTC focus is on how to keep the public under control and for this they can take every measure and go to extreme immorality.

I was reading a tweet where the Paypal stablecoin has a code where they can freeze the money at any time and the wallet holder will not be able to use his coins.

You just cannot trust these stablecoins or altcoins, as most of them are made, not to give us financial freedom but for their own benefit.
Only Bitcoin is the one on which we can trust.

When I first encounter the news of Paypal going digital, I knew it they are going to come with a comma, nothing special, more like the normal USDs we already have in circulation, the little difference they are offering is, they want to tap into the revenue other stablecoins are milking from the users. Right from day 1, I think Paypal has anti-freeze policy and payment can be reversed at any given time, I see how they have damage businesses by reversing the transaction of a client when they complain of unsatisfaction which is very wrong in all ramifications.

If you can't verify, don't trust, it is as simple as that, stay away from another glorify stablecoins that can make you lose an entire wealth in a single day, they also have KYC for fighting and tracing users when they don't feel satisfy by your actions or money is been spent, I will avoid using the stablecoin. If I have opportunity to receive payment from another place, I simply request for BTC and convert it as soon as possible, no stress!

Expect always for these things to happen because as long that these things are centralized then expect that they would really be getting in line with government rules and regulations on which they wont really be

trying out to oppose via sticking out on whats the current trend specially on decentralization on which it is really that a main opponent if we do speak about the government. We do know that it isnt something
that new or shocking that they would be making their own stablecoin knowing and seeing on whats happening around on which there's still who do really have able to make use of these stable coins
and since they dont really like for them to miss out the bandwagon then its not shocking that they would really be making their own.

About reversible transactions and could have potentially be able to lock up or prohibit transactions on a particular fund or coin? This isnt a shocking news anymore which its normal that they would
be imposing up that kind of control just like on those typical operations that they do have.

[Iroh]

Obviously, big corporations would try to grab all the profits for themselves leaving crumbs to trickle down to the floor where the common man grovels, hoping for a little piece of the pie.
Why would they let anyone be financially independent and not having to depend/pay heavily for their goods or services rendered? They would love total dependency from the masses and in a way, they’re getting it too.

Same thing goes with the government. Any government would love and dream of a controlled and obedient citizenry. Citizens that wouldn’t question any actions taken. That dream isn’t possible with a democracy so the government would always cook up schemes and policies that would aim keep the people controlled and in a way, supervised.
Anything that would foil their plans at controlling its citizens would be seen as a threat and would be fought against. Take a look at bitcoin.

[Fortify]

This is a very sad reality that almost all the big companies including the government institutions will never think of the general public and theirBTC focus is on how to keep the public under control and for this they can take every measure and go to extreme immorality.

I was reading a tweet where the Paypal stablecoin has a code where they can freeze the money at any time and the wallet holder will not be able to use his coins.

You just cannot trust these stablecoins or altcoins, as most of them are made, not to give us financial freedom but for their own benefit.
Only Bitcoin is the one on which we can trust.

What many people in the world still do not understand is that you can start to own a piece of those companies at any point, through a stock broker in most situations. You can start buying shares in them, which give you little slivers over ownership that you can grow over time. Stop thinking of the stock market as a way to gamble, you shouldn't expect to use it and get rich overnight, but you can build up a portfolio brick by brick and in a few years have a powerful income stream that brings you money every month if you choose a dividend strategy for example. Too many people think that they are just sailboats riding on the winds, when in actual fact you can be a ship that is steering it's own motored course through the waves.

[Aanuoluwatofunmi]

This is a very sad reality that almost all the big companies including the government institutions will never think of the general public and theirBTC focus is on how to keep the public under control and for this they can take every measure and go to extreme immorality.

You're not forced to use or comply to any business organizations or government by force as long as you're not inline with their opinions, we have our choice to make, every individuals should take responsibility for themselves and make use of what they have to remain independent, this same organizations or government cannot do without the people's opinions on what they offer because they cannot exist alone, we are all interdependence of ourselves in some ways and can do away with any policy implementation we see is not working for us as thought.

[serjent05]

Big companies or government institutions will never think about your benefits, big companies or government institutions will think how to improve their business depending on people or employees. Various private companies or government institutions will never give you financial freedom, to get financial freedom you must be associated with Bitcoin because only Bitcoin will give you financial freedom. At the moment ALT coins in the market cannot be relied on much because these coins tend to disappear from the market so at the moment Bitcoin is the most reliable platform. Investing in Bitcoin will give you financial freedom as well as ensure substantial security of money.

True that, as much as possible big company wanted their employee to be dependent on them since their employee are their milking cows.  if these employees are able to have financial freedom then these employee can possibly be their competitor knowing all the aspect of their industry.

The government is influenced by these big companies, though I do not think that the government wanted their citizen to live in minimal state (except those corrupt government) they are somehow impartial and biased who to give favor to resulting on the inequality of benefits and rights.

[sana54210]

This is a very sad reality that almost all the big companies including the government institutions will never think of the general public and theirBTC focus is on how to keep the public under control and for this they can take every measure and go to extreme immorality.

I was reading a tweet where the Paypal stablecoin has a code where they can freeze the money at any time and the wallet holder will not be able to use his coins.

You just cannot trust these stablecoins or altcoins, as most of them are made, not to give us financial freedom but for their own benefit.
Only Bitcoin is the one on which we can trust.

The problem with companies like paypal is the fact that they will do whatever they can to keep their own control over you, otherwise they will be legally responsible for a lot of things and they do not want that at all. I understand the logic, and I get that it may not be that great, but this is just how they operate.

This is why we have cryptocurrency, to make sure that you have all the control over your own self and if you know what you are doing then you shouldn't be worried about it at all. I get that it may not be liked all that much but that's just how it is and should be the way to be decentralized. If there is no centralized authority over it, then you will be responsible for every single transaction that you make.

[Alpha Marine]

This should be common knowledge. The point of any company is to make a profit. They really will not like a system that would make their potential customers and customers not rely on them.
A centralized organization cannot create something it will not control, it's just how it is. That's what makes Bitcoin unique. Whoever created Bitcoin was able to foresee this and know that Bitcoin will never be truly decentralized if it has an owner.
The banks, government, and every other centralized organization want you to keep coming back, they want to own you. That's the only way they can be relevant.

[Unbunplease]

The problem with companies like paypal is the fact that they will do whatever they can to keep their own control over you, otherwise they will be legally responsible for a lot of things and they do not want that at all. I understand the logic, and I get that it may not be that great, but this is just how they operate.

This is why we have cryptocurrency, to make sure that you have all the control over your own self and if you know what you are doing then you shouldn't be worried about it at all. I get that it may not be liked all that much but that's just how it is and should be the way to be decentralized. If there is no centralized authority over it, then you will be responsible for every single transaction that you make.

The problem with Paypal is that they stop serving citizens of countries hit by sanctions. I wonder what they will do with their own stablecoin? Will they use KYC - which goes against the principles of decentralization. Any country can fall under sanctions, which means citizens of most countries are at risk.

[Ultegra134]

Many people dream of being able to work in large companies such as Apple, Microsoft, Google, Visa and so on, but we must be aware that if we work in a large company then we are required to give all our time and abilities for them, this makes us never think Another thing, for example, finding a source of income because he feels that working there has got everything and when retiring, most people will regret.

The problem is that large companies can easily lay off many people at the same time during a crisis. After all, at any moment - thanks to a well-promoted brand - they can hire as many new people as they want. Therefore, working for a large company does not guarantee stability

That's not the point here; whether we like it or not, such companies generate thousands of job opportunities, which is a vital addition to our economy, at least for individuals. I'm certainly not promoting them. Stability doesn't exist in our world anymore.

Back to the stablecoin's topic: I don't understand why some act so surprised; what were you expecting? PayPal itself is known for unexpected account closures and the freezing of funds. Even I had my money frozen but faced no difficulties in unblocking it; apart from that, I had no issues, and they have saved me a couple of times. This also applies to all centralized exchanges and services, such as online wallets. Even USDT is capable of freezing someone's funds; correct me if I'm wrong, but I remember reading it somewhere. Most stablecoins are regulated; unless we're talking about algorithmic ones, why would PayPal's be any different?

If you don't like it, you don't have to use it; there are a handful of other options out there.

[Fatunad]

Many people dream of being able to work in large companies such as Apple, Microsoft, Google, Visa and so on, but we must be aware that if we work in a large company then we are required to give all our time and abilities for them, this makes us never think Another thing, for example, finding a source of income because he feels that working there has got everything and when retiring, most people will regret.

The problem is that large companies can easily lay off many people at the same time during a crisis. After all, at any moment - thanks to a well-promoted brand - they can hire as many new people as they want. Therefore, working for a large company does not guarantee stability

That's not the point here; whether we like it or not, such companies generate thousands of job opportunities, which is a vital addition to our economy, at least for individuals. I'm certainly not promoting them. Stability doesn't exist in our world anymore.

Back to the stablecoin's topic: I don't understand why some act so surprised; what were you expecting? PayPal itself is known for unexpected account closures and the freezing of funds. Even I had my money frozen but faced no difficulties in unblocking it; apart from that, I had no issues, and they have saved me a couple of times. This also applies to all centralized exchanges and services, such as online wallets. Even USDT is capable of freezing someone's funds; correct me if I'm wrong, but I remember reading it somewhere. Most stablecoins are regulated; unless we're talking about algorithmic ones, why would PayPal's be any different?

If you don't like it, you don't have to use it; there are a handful of other options out there.

True, with just common sense which you would really be able to expect out on what would happen or on the things that they would eventually be trying out to do on which it would always be getting in line with centralization or something that getting in line with government rules and conditions on which its not really that shocking anymore. We know that there are ones who are really that always skeptical about centralization but as a company then they do have the full rights on what are the things that should be done and whats not. They are long time business or company which is sticking into that payment system which is getting in line with
typical fiat which they are really regulated which it would really be just that normal that if ever they would be creating something new like a "stablecoin" then it wont really be shocking that it would really be that heavily
centralized on which it is really just that normal. There are really just that people who cant really just that really loves on having that discrimination or always have something to say that it is really that against
with their interest which why we cant just leave them as it should be?

[JoyMarsha]

The government and big companies will never support you and I to have financial freedom. They constantly come up with schemes to seize money from people either forcibly or to keep it under their control. They will give the impression of having the best interests of everyone in mind, but they actually have bad intentions.

Consider how evil the government and big companies like PayPal can be for having a secret plan to freeze people's money whenever they please. I like how Bitcoin News exposed PayPal's poor intentions for creating a stablecoin. Let it be that a lot of people knew about it. Because it appears that some crypto enthusiasts are celebrating PayPal's stablecoin launch

[AmoreJaz]

The government and big companies will never support you and I to have financial freedom. They constantly come up with schemes to seize money from people either forcibly or to keep it under their control. They will give the impression of having the best interests of everyone in mind, but they actually have bad intentions.

Consider how evil the government and big companies like PayPal can be for having a secret plan to freeze people's money whenever they please. I like how Bitcoin News exposed PayPal's poor intentions for creating a stablecoin. Let it be that a lot of people knew about it. Because it appears that some crypto enthusiasts are celebrating PayPal's stablecoin launch

and with this consideration, you may want to be financially stable and as much as possible not use their services at all cost, right? since we can't rely from these companies or our government, what we can do is aim to be self-sufficient, lessen your living expenses by not buying unnecessary items, live simply, don't rely your budget from debts...just live within your means. and you will find out that you don't need to use some of these companies that will screw your money. just take a look at those living in remote areas, they don't need much but they are just happy to be living with their everyday life.